Richwood, WV's Data
About Richwood, WV's
Richwood, West Virginia, nestled in the heart of Nicholas County, is a city steeped in the rich heritage of the Appalachian region. Established in 1901, Richwood evolved as a vibrant hub for the timber and coal industries, particularly noted for its high-quality hardwoods. Surrounded by the Monongahela National Forest, the city's geographical setting offers a picturesque backdrop that complements its historical charm. Richwood is often referred to as the 'Ramp Capital of the World', celebrating the annual Feast of the Ramson, which highlights the area's unique cultural and culinary traditions.
City: Richwood
State: West Virginia
Country: United States
Population: Approximately 2,000 residents as of the latest data.
Number of Ongoing Class I Recalls: 0
Number of Ongoing Class II Recalls: 0
Number of Ongoing Class III Recalls: 0
Company With Most Recalls: No Recalls
Things To Do in Richwood, WV
Hike: Here are a couple of local trails to check out!
Local Attractions in Richwood, WV
Monongahela National Forest - Offers extensive outdoor recreation opportunities, including hiking, fishing, and camping.
Feast of the Ramson - An annual festival celebrating the ramp, a wild onion native to the area, featuring food, crafts, and music.
Cherry River Festival - A yearly event that includes parades, music, and various community activities celebrating local culture.
Cranberry Glades Botanical Area - A unique ecosystem nearby, showcasing bogs that are home to a variety of rare plants and wildlife.
Richwood Historic District - Features a collection of early-20th-century architecture, reflecting the city's boom period.
The Economy of Richwood, WV
Richwood's economy historically revolved around the timber and coal industries, which drove the city's growth during the 20th century. In recent decades, the decline of these industries has prompted a shift towards tourism and service-oriented sectors. The scenic landscapes and recreational opportunities provided by the nearby national forest attract visitors year-round, fostering a growing tourism sector. Additionally, Richwood is exploring economic revitalization through small businesses and local crafts, aiming to leverage its rich cultural heritage and natural beauty.
Richwood, WV Inflation
Understanding the BLS and Inflation in Richwood, WV
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Richwood, WV. One of its key responsibilities is tracking inflation through the Consumer Price Index (CPI), which measures how the cost of everyday goods and services changes over time. Inflation can impact everything from housing prices to the cost of groceries, gas, and utilities across the area. By tracking inflation, the BLS helps people from Richwood, WV understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Richwood, WV using the CPI, highlighting how prices have changed over time. The x-axis represents time (months and years), while the y-axis represents price levels. If the graph moves upward, it means the cost of living is rising, which can affect everything from rent to gas prices. A flatter or downward trend suggests that inflation is stabilizing or decreasing. Keeping an eye on inflation is important for people from Richwood, WV when budgeting for housing, wages, and daily expenses. You can hover over the graph to see exact values for each month and check the "Most Recently Updated" label to ensure you’re viewing the latest available data.
Company Recall Data in Richwood, WV
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